How to Check Your Credit Card Balance Using Smartphones

A credit card comes with numerous benefits and attractive rewards program, making it an indispensable payment tool. Using it without hurting your bank balance means avoiding penalties and added charges. Thus, reviewing all the charges before selecting a credit card is a must. Once you get it, you need to keep track of your:

• Credit Limit 
• Bills and Due Dates 
• Available Balance 

If you’re wondering how to check your credit card balance, the steps are easy no matter which mode you choose. Doing this helps you plan repayment and pay dues on time. 

What Your Balance Refers To

When you apply credit card, the issuer sets a limit that you can use every month. You can’t exceed your credit limit while making purchases using your credit card. 

The amount left at the end of every billing cycle is known as the credit card balance. It includes all the transactions yet to be paid from your current and previous billing cycle.

The statement balance covers only those purchases and payments made within a particular billing cycle. In contrast, the current balance reflects the total charges across the entire history of your credit card usage.

Pay the Minimum Amount Due to avoid penalties. However, paying your credit card bill in full whenever possible is advisable. This is the only way that your balance doesn’t attract any interest charges. 

Methods to Review Your Credit Card Balance Using a Smartphone

• Call Customer Care: You can call the credit card issuer’s customer care number which is usually available 24/7. Request the representative for your credit card balance. You will need to verify your identity by providing an authentication PIN.
• Net Banking: Log in to the net banking account of your credit card issuer. Select the ‘credit card balance’ option to view your information.
• Mobile App: Download the credit issuer’s mobile app to check your credit card balance. After logging into your account, you can view your credit card limit, remaining credit limit, and outstanding balance.
• SMS Alert: Subscribe to SMS alerts for bills after each purchase. This way, you’ll receive timely updates and won’t need to check on the app.

Other Ways to Review Credit Card Balance

Besides using your phone, there are other options you can choose to check your credit card balance, such as:

• You can visit the nearest branch of your credit card provider and ask the executive to check the credit card balance
• You can check it by visiting an ATM. Insert your credit card and follow the instructions as needed. 
• You can subscribe for a hard copy of your credit card bill or statement on a monthly basis. 

Check Your Balance Periodically

Credit cards allow you to make purchases now for which you can pay later. You may use it to book flight tickets, finance vacations, pay utility bills or manage daily expenses. They also enable cash withdrawals, although this can be an expensive option. 

No matter what you use it for, tracking your balance is key. Knowing what you have spent and what you need to repay is important for several reasons:

• It will help you maintain your credit utilisation ratio (CUR) for a good credit history
• It will help you know your remaining limit, ensuring you don’t hamper your CUR
• It will help in timely payments of your credit card bills
• It will help you detect any unauthorised purchase or fraudulent transactions
• It will help you maintain your monthly finances
• It will help you avoid penalties related associated with missed payments
• It will help you avoid any accumulation of interest when you pay your total due amount

Guidelines Related to Your Credit Card Balance 

Using a credit card is beneficial only when you can avoid added interest and fees. Here are some things to remember regarding your balance:

• Paying the Minimum Amount Due only helps you avoid late payment fees while the remaining balance attract interest 
• Pay the Total Amount Due, which is your full outstanding balance, every month to avoid these finance charges 
• Ensure your balance doesn’t exceed 30% of your credit limit to maintain a good credit score 
• Use the card for pre-planned expenses to avoid impulse buys 

Using a smartphone over other methods can be a more convenient way to check your balance. However, you can opt for any method viable to you. No matter what option you go for, knowing how to check your credit card balance is crucial for maintaining your financial health. The One Credit Card is an excellent option to monitor your balance as its full-stack mobile app can give you real-time information. 

This useful app also helps you set spending limits and stick to your budget. Using it, you can easily check your transactions and manage your finances. You can also earn up to 5X reward points on your top two spending categories with this card each month. 

Save more with offers on dining, entertainment, shopping, travel, education and fuel. Apply online to enjoy the benefits of this lifetime-free credit card!